…% 29% 4Q13 1014 2Q14 3014 4014 1Q15 2Q15 3015 4Q15 1016 2016 3016 4Q16 m2014 m2015 m2016 m2017 Source: Company, BofA Merrill Lynch Global Research Key theme/metric(s) for 1Q Underlying MAU and DAU trends are still the key metrics for the stock, in our view. We assume MAUs gr...
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regulated by The Financial Service Board; MLI (UK): Merrill Lynch International
regulated by the Hong Kong Securities and Futures Commission (HKSFC) and the Hong Kong Monetary Authority (HKMA); Merrill Lynch (Singapore): Merrill Lynch (Singapore)
Merrill Lynch Kingdom of Saudi Arabia Company
AFS License 412901 (BANA Australia) and Merrill Lynch Equities (Australia) Limited (ABN 65 006 276 795)
BofA Merrill Lynch US Equity & US Quant Strategy
Fleming was president of Merrill Lynch & Co.
regulated by Comisién Nacional de Valores; Merrill Lynch
regulated by Comissdo de Valores Mobiliarios; Merrill Lynch KSA Company
regulated by Comissão de Valores Mobiliários; Merrill Lynch KSA Company
through business units other than BofA Merrill Lynch Global Research
and BofA Merrill Lynch is under no obligation to ensure that such other trading ideas or recommendations are brought to the attention of any
BofA Merrill Lynch does not disclose certain client relationships with
ONS. standard deviations from average. Source: BofA Merrill Lynch Global Research
regulated by Comissdo de Valores Mobiliarios; Merrill Lynch KSA Company